Amazon (AMZN) announced that Amazon Web Services, Inc. (AWS) has teamed up with International Business Machines (IBM) to accelerate energy transition initiatives for the oil & gas Industry. Implications of the Collaboration According to the terms of the agreement, IBM’s Open Data for Industries, IBM Cloud Pak for Data, and the AWS Cloud will be integrated to benefit the energy industry. (See Amazon stock charts on TipRanks) The combination will help reduce data barriers for the energy companies and reduce the cost, time, and resources required to streamline their operations, further enabling a smooth transition to sustainable energy options.
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